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VeChain price prediction 2024-2030: What’s the growth potential of VET?

Key takeaways

  • VeChain price projection suggests a peak price of $0.0519 by December 2024.
  • Traders can expect a minimum price of $0.0915 and a maximum price of $0.11 by 2027.
  • By 2030, VeChain’s price could potentially surge to $0.18.

Despite occasional market volatility and regulatory uncertainties, VeChain demonstrates resilience and a strong value proposition, positioning itself as a leader in blockchain-based solutions for supply chain transparency, product authentication, and data management.

Overall, the prevailing sentiment within the VeChain community is one of optimism and confidence, with stakeholders bullish on its long-term prospects and the transformative impact of blockchain technology. As VeChain continues to expand its reach and enhance its offerings, questions surrounding its price trajectory persist, inviting further analysis and exploration of its future potential.

VeChain overview 

CryptocurrencyVeChain
TokenVET
Price$0.0301
Market Cap$2,436,245,270
Trading Volume 24-h$24,728,404
Circulating Supply80,985,041,177 VET
All-time High$0.2782, Apr 17, 2021
All-time Low$0.001678, Mar 13, 2020
24 High$0.03140
24 Low$0.02989

VeChain price prediction: Technical analysis

Volatility-3.61%
SentimentNeutral
50-Day SMA$0.0285
200-Day SMA$0.0357
Price Prediction$0.0658 (118.22%)
F & G Index18.21 (extreme fear)
Green Days17/30 (57%)
14-Day RSI70.74

VeChain price analysis: VET VET recovers to $0.03000 as bulls crush short-term resistance levels

TL;DR Breakdown

  • VeChain price analysis shows an extremely bearish trend
  • The VET coin has dropped by over 0.59% at the time of writing
  • VeChain prices have sought support and resistance at $0.02700 and $0.02900, respectively.

The VeChain price analysis for today, July 21, shows that the VET price action has found support at the $0.02700 mark. The bullish support has enabled the price to return to the $0.02900 as the bulls seek to test higher resistances.

The broader cryptocurrency market observed bullish sentiment over the last 24 hours as most major cryptocurrencies recorded positive price movements. Major players include XRP and AVAX, recording a 2.30% and a 1.99% incline, respectively.

VeChain price analysis 1-day chart: VET recovers to $0.03000 as bulls crush short-term resistances

The 24-hour VET/USD price chart indicates a downward trend in the market as prices move toward the $0.02386 level. The lack of bullish support between $0.03000 and $0.02500 suggests strong bearish activity across the short-term markets that has dictated price action across the mid-term charts.

Technical indicators for VET/USDT 24-hour chart by Tradingview

The indicators reflect the bearish reversal as all three major technical indicators signal a bullish trend. The MACD is bullish at 0.00049 units showing low bullish dominance. Moreover, the EMAs are abovethe mean position, and the indicator shows a sharp turn of momentum from bullish to bearish. The RSI also shares this sentiment as the indicator falls to 58.56 from below the 70.00 index level. The diverging Bollinger Bands suggest increasing volatility indicating that the $0.02750 support may hold for the short-term.

VeChain price analysis 4-hour chart

The 4-hour price chart of VET shows a steady decline as the price falls from above the $0.02600 mark to the $0.02161 support. The price movement was followed by a quick reversal and a return to near the $0.03000 mark indicating a sudden increase in buying pressure.

Technical indicators for VET/USDT 4-hour chart by Tradingview

The RSI is at 43.20, suggesting that the asset is at the center of the neutral zone, which might indicate room for a short-term price correction. Moreover, the downwards slope suggests further downwards movement. The MACD suggests an increasing bearish momentum with the indicator at -0.00013 showing low bearish dominance across the 4-hour charts. These indicators collectively confirm the prevailing bearish trend.

VeChain technical indicators: Levels and action

Daily simple moving average (SMA)

NameValueAction
SMA (10)$0.0302BUY
SMA (20)$0.0275BUY
SMA (30)$0.0270BUY
SMA (50)$0.0285BUY
SMA (100)$0.0329SELL
SMA (200)$0.0357SELL

Daily exponential moving average (EMA)

NameValueAction
EMA (10)$0.0299BUY
EMA (20)$0.0287BUY
EMA (30)$0.0286BUY
EMA (50)$0.0293BUY
EMA (100)$0.0317SELL
EMA (200)$0.0327SELL

What to expect from VeChain price analysis?

4-hour price chart by Tradingview

The VeChain price analysis shows that the VeChain market observes strong bearish momentum causing the price action to dwindle from the $0.03900 mark towards the $0.02100 mark. While the bulls find strong support level at the $0.02200 mark, and rose back to the $0.02900 mark, the buyers find it difficult to cross the level.

Traders should expect VET to hold at the current support level as the $0.02750 has proven to be a solid foothold for VET in the past as well. Moreover, the low trade volume suggests a decreasing trade activity for the asset suggesting a change of momentum. As such, the price can be expected to move between the $0.02400-$0.02900 price level across the short-term charts.

Currently, the closest support level lies at $0.02700 while VeChain finds it difficult to move past the $0.03000 level.

Is Vechain a good investment?

VeChain stands out in the cryptocurrency market due to its specialized focus on supply chain management and enterprise solutions. It offers transparency and traceability across various industries, enhancing trust and efficiency in global trade. With partnerships with major companies and a strong emphasis on real-world applications, VeChain has significant growth potential. Its innovative use cases and practical implementations make it appealing to businesses seeking operational improvements. As awareness of supply chain issues continues to grow, VeChain’s relevance and adoption are expected to increase, making it an attractive investment option for those interested in blockchain technology.

Why is VET UP?

Solana price hit a key support level as the bears crushed support levels above the $0.02200 mark. However, the $0.02200 support held on and the buyers did not hesitate to buy the dip. The sharp increase of bullish pressure caused the price to return to the $0.02900 level as the bulls seek to go higher.

Will VET recover to above $0.03000?

Based on the current market analysis and historical performance, it is highly likely for VeChain (VET) to recover to $0.0300 in the next few months as the bulls start to gain momentum in the broader cryptocurrency market.

Will VET reach $0.0500?

Yes, VET is projected to reach $0.0500, with predictions indicating it could exceed this value in 2025.

Will VeChain reach $0.100?

Reaching $0.100 is ambitious and would require significant adoption and market growth. While possible, it’s uncertain and would depend on multiple factors including movement of the broader cryptocurrency market.

Does VET have a good long-term future?

Yes, VET has a good long-term future due to its strong use cases, growing adoption, and active development team.

Recent news/opinion on Vechain

VeChain recently announced the HiVe Summit where experts share information regarding VeChain and other project’s role in a more scalable digital ecosystem. The Summit is scheduled to be held on June 28.

VeChain price prediction July 2024

In July 2024, the price of VeChain is anticipated to reach a minimum of $0.0213. The VET price can be expected to reach a peak at $0.0392, maintaining an average of $0.0238 by the end of the month.

MonthPotential low ($)Potential average ($)Potential high ($)
July0.02130.02380.0392

VeChain price prediction 2024

In 2024, the price of 1 VeChain is anticipated to touch a minimum of $0.0213. The VET price might peak at $0.0519, maintaining an average of $0.048 by the end of the year.

YearPotential low ($)Potential average ($)Potential high ($)
20240.02130.0480.0519

VeChain price prediction 2025-2030

YearMinimum price ($)Average price ($)Maximum price ($)
20250.05110.05580.061
20260.070.08150.0865
20270.09150.100.11
20280.09150.100.11
20290.110.130.13
20300.160.180.18

VET price prediction 2025

For 2025, VeChain (VET) is expected to reach a minimum price of $0.0511. It could potentially climb to a high of $0.061, averaging around $0.0558.

VET price prediction 2026

By 2026, VeChain’s price is projected to trade at a minimum value of $0.07. It might surge to a high of $0.0865, with an average price hovering around $0.0815.

VeChain (VET) price prediction 2027

Come 2027, VeChain is estimated to trade at a minimum of $0.0915. The price might reach a maximum price of $0.11 and an average value of $0.10 .

VeChain price prediction 2028

In 2028, VeChain’s price is likely to hit a floor of $0.0915. Based on analysis, it could peak at $0.11, with a median price of $0.10.

VeChain price prediction 2029

The VeChain price prediction for 2029 projects a minimum price of $0.11, a maximum price of $0.13, and an average of $0.13.

VeChain (VET) price prediction 2030

In 2030, VeChain could be trading at a minimum of $0.16. The price might soar to $0.18, maintaining an average of $0.18 throughout the year.

VeChain market price prediction: Analyst’s VET price forecast

Firm20242025
Coincodex$0.0333$0.1278
Digital Coin Price$0.060$0.080
CryptoPredictions.com$0.058$0.064

Cryptopolitan’s VeChain (VET) price prediction

Cryptopolitan’s predictions show that VeChain will achieve a high of $0.0519 in the second half of 2024. In 2025, it will range between $0.0511 and $0.061, with an average of $0.0558. In 2030, it will range between $0.16 and $0.18, with an average of $0.18. Note the predictions are not investment advice. Seek independent professional consultation or do your research.

VeChain historic price sentiment

  • VeChain started in 2015 as a private consortium chain to explore blockchain applications. The project transitioned to a public blockchain with the ERC-20 token VEN in 2017 but it wasn’t until 2018 that VeChain would launch its own mainnet with the ticker VET.
  • In 2018, VeChain entered into a partnership with supply chain management company DHL to build smart blockchain solutions for the logistics industry. 
  • Following the peak, VeChain, like many other cryptocurrencies, faced a significant correction in 2018, with the price dropping sharply and stabilizing at lower levels.
  • The price remained relatively stable through 2019 and 2020, with occasional spikes, as VeChain continued to develop its technology and expand its partnerships.
  • In 2021, Vechain saw a rapid rise as the price reached its all time high at $0.20 in May but failed to close the year nearly as high as the price declined to $0.070 by December
  • 2022 saw VeChain make attempts at a recovery to past year high but failed to even reach the $0.10 mark.
  • Throughout 2022 and into early 2023, VeChain’s price showed significant volatility, with periods of slight recovery and decline, but generally remained below $0.10.
  • Towards the end of 2023, VeChain saw a slight uptick in price, moving upwards slightly. By early 2024, the price showed some stability, maintaining a range with minor fluctuations.
  • In January, VeChain’s price maintained relative stability, hovering around the $0.020 mark, reflecting cautious investor sentiment amid broader market conditions.
  • By mid-March, VeChain saw a slight recovery, reaching approximately $0.025. This upward movement was fueled by positive developments within the VeChain ecosystem and renewed investor interest.
  • From April to June, VeChain’s price experienced fluctuations between $0.020 and $0.030, driven by market volatility and ongoing developments in the crypto space.
  • In July VeChain observed a spike of bearish activity as the price fell to the $0.02200 mark from the $0.02700 price level.

FAQs

What is the utility of the VET token?

VET is used for transaction fees, staking, and as a medium for value transfer within the VeChain ecosystem. It also plays a key role in VeChain's supply chain management solutions.

Where can I buy VET?

You can buy VET on major cryptocurrency exchanges such as Binance, Coinbase, and KuCoin.

Is there a risk to staking VeChain?

Yes, risks include potential loss of funds due to validator misbehavior, network vulnerabilities, and market volatility.

Can the VeChain price crash?

Yes, like any cryptocurrency, VeChain's price can be volatile and subject to significant fluctuations.

Is VeChain a scam or legit?

VeChain is a legitimate blockchain project with a strong development team and a wide range of enterprise partnerships.

Where do I safely store VET?

You can safely store VET in hardware wallets like Ledger or Trezor, or in secure software wallets such as VeChainThor Wallet and Trust Wallet.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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